Mis-selling: case examples

Chris was the mediator in a £3.6m mis-selling claim by the estate of a High Net Worth deceased industrialist against his former financial advisers, in respect of an allegedly unsuitable geared off shore property fund. Claim settled in the mediated discussions which followed the mediation day.

Chris was the mediator in a claim brought by nine claimants alleging to have lost £440,000 in the collapse of a property investment scheme in Florida in 2008. Their IFA's defence included an argument about whether the advice constituted a 'regulated activity' under the Regulatory Activities Order. If not, then the Conduct of Business provisions would not apply. Claim settled at mediation.

Chris was the mediator in a £1.2m claim by the bank under a Interest Rate Swap contract. Counterclaim that it was mis-sold. Claim settled at mediation.

Chris was the mediator in a £1.7m pension dispute, alleging professional negligence against the financial advisers.  On the face of it, the claim was about portfolio choice.  However there were substantial other issues, including how an over funded SSAS should have been dealt with. Claim settled at mediation.